Connected Medical Device Market, By Product Type (Wearable Devices (Activity Trackers, Smart Watches, Patches, Others), Implantable Devices (Cardiovascular Implants, Orthopedic Implants, Neurological Implants, Others), Stationary Devices), By Application

Connected Medical Device Market, By Product Type (Wearable Devices (Activity Trackers, Smart Watches, Patches, Others), Implantable Devices (Cardiovascular Implants, Orthopedic Implants, Neurological Implants, Others), Stationary Devices), By Application (Remote Patient Monitoring, Telemedicine, Clinical Decision Support, Chronic Disease Management, Fitness and Wellness, Others), By End User (Hospitals and Clinics, Home Care Settings, Long-Term Care Facilities, Ambulatory Surgical Centers, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


Global connected medical device market growth is driven by factors such as rising geriatric population, growing prevalence of chronic diseases, increasing healthcare costs, and technological advancements. Connected medical devices help in remote monitoring of patients and timely diagnosis of health issues, thus, improving patient outcomes. These also help reduce hospital visits and healthcare costs through remote patient monitoring. Due to growing investments in telehealth and remote care services, connected medical devices market can witness growth during the forecast period.

Market Dynamics:

Global connected medical device market growth is driven by factors like rising incidence of chronic diseases such as diabetes, cardiac disorders, and respiratory diseases coupled with increasing healthcare costs. Growing geriatric population susceptibility to such diseases can also drive the market growth. Technological advancements in connectivity solutions such as Bluetooth, Wi-Fi, and cellular networks have enabled integration of devices and home healthcare systems, thus, driving the market growth. However, data security and privacy concerns regarding rising cybercrimes on healthcare industry can hamper the market growth. High costs associated with development and maintenance of connected devices can limit their adoption in price sensitive developing regions. Growing healthcare investments and rising medical insurance coverage in developing nations can offer new market opportunities during the forecast period.

Key features of the study:
  • This report provides in-depth analysis of the global connected medical device market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global connected medical device market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Medtronic, GE Healthcare, Philips Healthcare, Omron Corporation, Boston Scientific Corporation
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global connected medical device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global connected medical device market
Detailed Segmentation-
  • Product Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Wearable Devices
  • Activity Trackers
  • Smart Watches
  • Patches
  • Others
  • Implantable Devices
  • Cardiovascular Implants
  • Orthopedic Implants
  • Neurological Implants
  • Others
  • Stationary Devices
  • Infusion Pumps
  • Ventilators
  • Dialysis Machines
  • Others
  • Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Remote Patient Monitoring
  • Telemedicine
  • Clinical Decision Support
  • Chronic Disease Management
  • Fitness and Wellness
  • Others
  • End User Insights (Revenue, USD Bn, 2019 - 2031)
  • Hospitals and Clinics
  • Home Care Settings
  • Long-Term Care Facilities
  • Ambulatory Surgical Centers
  • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Abbott Laboratories
  • AliveCor
  • Becton, Dickinson and Company (BD)
  • Boston Scientific
  • Cerner Corporation
  • General Electric (GE) Healthcare
  • Honeywell Life Care Solutions
  • Johnson & Johnson
  • Masimo
  • Medtronic
  • Philips Healthcare
  • ResMed
  • Roche Diagnostics
  • Siemens Healthineers
  • Stryker Corporation
  • Epitel, Inc.
  • Garmin Ltd.
  • Fitbit, Inc. (now part of Google)
  • Omron Healthcare, Inc.
  • ZOLL Medical Corporation


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Voltage Rating
Market Snippet, By Cooling Type
Market Snippet, By End User
Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Gas Insulated Transformer Market, By Voltage Rating, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Low Voltage (less than 72.5 kV)
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Medium Voltage (72.5 kV to 230 kV)
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
High Voltage (greater than 230 kV)
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
5. Global Gas Insulated Transformer Market, By Cooling Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Oil-Cooled
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Air-Cooled
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
6. Global Gas Insulated Transformer Market, By End User, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Power Transmission and Distribution
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Industrial
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Others (including Renewable Energy, etc.)
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
7. Global Gas Insulated Transformer Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Voltage Rating, 2019–2031, (US$ Bn)
Market Size and Forecast, By Cooling Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Voltage Rating, 2019–2031, (US$ Bn)
Market Size and Forecast, By Cooling Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Voltage Rating, 2019–2031, (US$ Bn)
Market Size and Forecast, By Cooling Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Voltage Rating, 2019–2031, (US$ Bn)
Market Size and Forecast, By Cooling Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Voltage Rating, 2019–2031, (US$ Bn)
Market Size and Forecast, By Cooling Type, 2019–2031, (US$ Bn)
Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
South Africa
Israel
GCC Countries
Rest of the Middle East & Africa
8. Competitive Landscape
Company Profiles
ABB Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Alstom (now part of GE)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bharat Heavy Electricals Limited (BHEL)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
CG Power and Industrial Solutions Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Eaton Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Efacec
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hitachi Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hyundai Electric & Energy Systems Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Siemens Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schneider Electric
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SGB-SMIT Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Toshiba Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Transformers and Rectifiers (India) Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Toshiba Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ZTE Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
About us and Sales Contact
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